Jun 16, 2013

Myanmar is to accept tenders from foreign companies for its ambitious "mega city" project in northern Yangon, an official said Sunday.

"Tenders from both local and foreign companies will be called soon," said an official at the Yangon City Development Committee’s city planning and land administration department.

"These tenders will be for the construction of buildings such as hotels, shopping malls and housing projects in Mayangone township within three years," said the official, who asked to remain anonymous.

The development of 162 hectares in Mayangone township in northern Yangon is part of the Myanmar government's Greater Yangon Strategic Development Plan, which is receiving technical assistance from the Japan International Cooperation Agency.

The plan includes projects for new roads, railways and an airport, as well as green zones and large housing projects.

Yangon City Development Committee’s city planning and land administration department announced last month that Yangon would become a "mega city" with more than 10 million inhabitants by 2040, up from the current estimated population of 5.14 million.